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Jim Shaw’s plan to sell shares raises concerns: analyst

| 02/05/2015 3:18 pm EST

A financial market analyst on Thursday expressed concern over a filing by Shaw Communications Inc. vice-chairman Jim Shaw to sell 1.05 million shares in the company. Dvai Ghose, of Canaccord Genuity, said in a research note that while such a transaction "does not impact Shaw's fundamentals," it could be an indication of "deteriorating results" and also "suggests no near to medium term plans to sell the company to Rogers [Communications Inc.]," as has been speculated. Ghose added that Shaw's most recent financial results for its first fiscal quarter were lacklustre relative to the operational performance the company has projected for the full year. Ghose said Shaw is depending largely on recently implemented service rate increases to achieve its...